OXT
0.05841000USDT
-4.93%≈$0.05841000≈฿0.00000087Volume(24H)$14,675.75
Today
Low:0.05965050
High:0.06519780
Yesterday
Low:0.05801000
High:0.06064000
Market information
Market Cap $34,592,261.69
Global Volume(24H)$3,503,495.41
All-Time Low$0.04671830
All-Time High$14.872
Initial Price$0.36
ROI -83.7750%
Circulating Supply 591,544,728 OXT
Circulation Percentage 59.1545%
Max Supply ∞
Total Supply 1,000,000,000 OXT
Price history
Information
Website https://www.orchid.com/
Media Media
Explorer Explorer
Source Code https://github.com/OrchidTechnologies
Converter
OXT
USD
Project Introduction
OXT is a motivated peer-to-peer privacy network and decentralized VPN application that enables private access to the Internet. Users pay a fee to the Orchid node provider in exchange for bandwidth. The providers pledge the Orchid token OXT to sell bandwidth on the Orchid network. The provider receives requests for traffic from users in proportion to its equity weight.
Project Vision
Orchid network aims to create a decentralized VPN service that allows users to access services from network bandwidth providers around the world.
Market Demand
The Internet is supposed to be a free, open platform for free access to information, collaboration and exchange across national borders. Unfortunately, it's not really a place of openness and freedom. More than 75% of the world's population has restricted or censored Internet access. Isps around the world collect user data and sell it. Orchid is a new surveillanceless layer on top of the existing Internet that allows users to bypass firewalls, access information and communicate freely.
Solution
Orchid protocol supports decentralized network formation and probabilistic micropayments. What they propose is a market-based, fully decentralized, anonymous "point-to-point" system based on "bandwidth mining" that they believe can solve the lack of relay and exit nodes in many CURRENT VPN traffic transport chain structures by directly incentizing participants.
Project Implementation Mechanism
The Orchid protocol organizes bandwidth vendors into a structured peer-to-peer (P2P) network called the Orchid Market. Customers connect to the orchid market and pay bandwidth sellers to form a chain of agents for specific resources on the Internet. Unlike the more common methods of sending and receiving data from the global Internet, Orchid Market's chain of proxies naturally separates information about the source of the data from information about its destination; No relay or agent has either information or knows the identity of an individual. The structure of the orchid market further supports this separation of information, the ability of a group of bandwidth vendors to overcome this separation of knowledge by providing strong resistance to collusive attacks.
Token Usage Scenarios
The primary use case for OXT tokens is the purchase of bandwidth for private Internet access and collateral for bandwidth providers.
Characteristic
1. High security: distributed nodes can make nodes more distributed and connection more secure. 2. Token incentive: Although the previous Onion network was good, it was still in danger of being monitored due to the small number of connected nodes. Token incentive allowed more nodes to participate, thus achieving network security. 3. Huge market: With the increasing demand for security, privacy and so on, the current problems of the Internet, and let more people start to look for a more satisfied anonymous network. The Orchid protocol, in theory, can carry a huge market demand, and the blockchain link is also logical and necessary.
Incentives
The value of Orchid protocol network media, pay media is encrypted tokens OXT Orchid, for the network nodes to provide services, they need through the pledge OXT to "grab" for market share, the pledge of OXT number, the more the higher the possibility of get a reward in the network, as in BTC networks, mine with higher work force pool success out of the block, The more likely it is to get a BTC bonus for a block.
Competitors
Loom Network and MATIC address the shortcomings of the Ethereum Network through the side-chain protocol OXT uses a possibility algorithm micro-payment scheme to reduce the transaction fee burden of Ethereum.
Market Commentary
Orchid leverages the latest and most secure technology to create channels between devices, masking network traffic with WebRTC technology to make it look like video call and voice traffic to outsiders. In this way, it is almost impossible for others to know which server the user is going to visit or what type of data the user is sending. Orchid also supports "multi-hop networks," which allow network traffic to be simply routed through multiple service nodes before reaching the target page.
Project Risk
Ethereum performance limitations, code bugs, etc.
Values
OXT is a Orchid functional token. OXT is used by nodes to pledge fees for joining the network and by users to pay for VPN services. Orchid also allows users to use fiat money to purchase pre-loaded Orchid accounts to access the service. OXT's value is tied to the Orchid platform's development. At present, the project has been invested by well-known institutions and cooperated with LINK, the leading prophet, which is worthy of attention in the long term.
Pairs
Rank | Source | Pair | Price | 24h | Volume(24H) | Trading Percent | Updated | ||||
---|---|---|---|---|---|---|---|---|---|---|---|
1 | Binance | 1 | Binance | OXT/USDT | 0.05870000 | -4.55% | $902,284.81 | 12.7231% | 2024-11-04 22:05:06 | ||
2 | Bitget | 2 | Bitget | OXT/USDT | 0.05856000 | -4.69% | $88,464.42 | 1.2474% | 2024-11-04 22:04:04 | ||
3 | Gate.io | 3 | Gate.io | OXT/USDT | 0.05852000 | -4.63% | $70,685.51 | 0.9967% | 2024-11-04 22:05:32 | ||
4 | OKX | 4 | OKX | OXT/USDT | 0.05865000 | -4.34% | $52,738.41 | 0.7437% | 2024-11-04 22:04:44 | ||
5 | BingX | 5 | BingX | OXT/USDT | 0.05850000 | -4.72% | $35,779.88 | 0.5045% | 2024-11-04 22:03:24 | ||
6 | MEXC | 6 | MEXC | OXT/USDT | 0.05863000 | -4.59% | $25,933.79 | 0.3657% | 2024-11-04 22:04:40 | ||
7 | CoinW | 7 | CoinW | OXT/USDT | 0.05851000 | -4.72% | $20,525.29 | 0.2894% | 2024-11-04 22:04:47 | ||
8 | Kraken | 8 | Kraken | OXT/USD | $0.05836 | -5.26% | $18,537.88 | 0.2614% | 2024-11-04 22:04:57 | ||
9 | Upbit | 9 | Upbit | OXT/BTC | 0.00000087 | -2.25% | $17,679.66 | 0.2493% | 2024-11-04 21:53:04 | ||
10 | KuCoin | 10 | KuCoin | OXT/USDT | 0.05850000 | -4.79% | $14,752.83 | 0.2080% | 2024-11-04 22:05:05 | ||
11 | Gemini | 11 | Gemini | OXT/USD | $0.05796 | -5.14% | $10,600.65 | 0.1495% | 2024-11-04 21:59:42 | ||
12 | Binance | 12 | Binance | OXT/BTC | 0.00000086 | -3.37% | $10,682.16 | 0.1506% | 2024-11-04 22:05:07 |
Trading platform transaction information
Trading Percent
All Exchange
Exchange | Volume(24H) | Trading Percent | |||
---|---|---|---|---|---|
OKX | OKX | $53,728.49 | 1.4974% | Visit | |
Binance | Binance | $912,966.98 | 25.4435% | Visit | |
Kraken | Kraken | $21,432 | 0.5973% | Visit | |
Gate.io | Gate.io | $70,691.36 | 1.9701% | Visit | |
KuCoin | KuCoin | $18,046.96 | 0.5030% | Visit | |
Crypto.com | Crypto.com | $556.76 | 0.0155% | Visit | |
Bitget | Bitget | $88,464.42 | 2.4654% | Visit | |
MEXC | MEXC | $32,021.36 | 0.8924% | Visit | |
BingX | BingX | $35,779.88 | 0.9971% | Visit | |
Upbit | Upbit | $17,679.66 | 0.4927% | Visit | |
CoinW | CoinW | $20,525.29 | 0.5720% | Visit |